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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following is a summary of income before income taxes (in thousands):

Years Ended December 31,			2024						2023						2022
Domestic			$	195,059					$	92,552					$	97,235
Foreign			1,133						(32,698)						(5,418)
Total income before income taxes			$	196,192					$	59,854					$	91,817

Schedule of Components of Income Tax Expense (Benefit)

The following is a summary of the provision for income taxes (in thousands):

Years Ended December 31,			2024						2023						2022
Federal:
Current			$	29,754					$	1,579					$	255
Deferred			11,803						23,331						10,326
Total federal			41,557						24,910						10,581
State:
Current			10,612						3,565						5,721
Deferred			2,363						1,362						(1,691)
Total state			12,975						4,927						4,030
Foreign:
Current			1,824						(1,432)						1,951
Deferred			(607)						1,862						(3,602)
Total foreign			1,217						430						(1,651)
Total provision for income taxes			$	55,749					$	30,267					$	12,960

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of our provision for income taxes based on the Federal statutory tax rate to our effective tax rate (dollars in thousands):

Years Ended December 31,			2024												2023												2022
Federal statutory tax			$	41,200					21.0		%				$	12,569					21.0		%				$	19,282					21.0		%
State taxes, net of federal tax benefit			9,693						4.9						5,171						8.6						2,761						3.0
Non-controlling interests			(2,960)						(1.5)						2,942						4.9						933						1.0
Equity in income of affiliates			(2,490)						(1.2)						(3,419)						(5.7)						(2,629)						(2.9)
Change in valuation allowance, net			1,855						0.9						3,163						5.3						(3,212)						(3.5)
Nondeductible debt extinguishment costs			5,537						2.8						10,360						17.3						—						—
Nondeductible executive compensation			2,314						1.2						790						1.3						801						0.9
Nondeductible meals and entertainment			1,408						0.7						1,407						2.4						972						1.1
Percentage depletion deduction			(1,304)						(0.7)						(1,119)						(1.9)						(1,062)						(1.2)
Nondeductible goodwill			—						—						945						1.6						8,212						8.9
Assets held for sale			—						—						—						—						(14,427)						(15.7)
Return to provision adjustments			1,288						0.7						(1,250)						(2.1)						(1,102)						(1.2)
Other nontaxable / nondeductible items			(792)						(0.4)						(1,292)						(2.2)						2,431						2.7
Total			$	55,749					28.4		%				$	30,267					50.6		%				$	12,960					14.1		%

Schedule of Deferred Tax Assets and Liabilities

The following is a summary of the deferred tax assets and liabilities:

(in thousands)			December 31, 2024						December 31, 2023
Deferred tax assets:
Receivables			$	1,270					$	1,328
Insurance			15,307						15,018
Deferred compensation			11,884						10,424
Convertible debt - capped call amortization			19,852						11,963
Accrued compensation			5,048						3,811
Other accrued liabilities			2,073						1,218
Contract income recognition			16,822						16,986
Lease liabilities			19,678						16,272
Net operating loss carryforwards			29,182						40,541
Valuation allowance			(23,450)						(24,569)
Other			4,199						3,587
Total deferred tax assets			101,865						96,579
Deferred tax liabilities:
Property and equipment			96,908						76,067
Right of use assets			18,831						16,041
Total deferred tax liabilities			115,739						92,108
Net deferred tax assets (liabilities)			$	(13,874)					$	4,471

Summary of Operating Loss Carryforwards

The following is a summary of the net operating loss carryforwards at December 31, 2024:

(in thousands)			Expiration						Gross Carryforward						Tax Effected Carryforward
Federal net operating loss carryforwards			N/A						$	10,793					$	2,267
State net operating loss carryforwards			2025-2044						$	238,153					11,005
Foreign tax loss carryforwards			2025-2044						$	54,135					15,910
Total net operating loss carryforwards															$	29,182

Summary of Valuation Allowance

The following is a summary of the change in valuation allowance:

(in thousands)			December 31, 2024						December 31, 2023
Beginning balance			$	24,569					$	19,919
Additions (deductions), net			(1,119)						4,650
Ending balance			$	23,450					$	24,569

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of unrecognized tax benefits (in thousands). The balances in the reconciliation are the gross amounts before considering reductions related to available net operating losses. The balance of unrecognized tax benefits net of available net operating losses is included in other long-term liabilities and accrued expenses and other current liabilities in the consolidated balance sheets:

December 31,			2024						2023						2022
Beginning balance			$	22,591					$	22,756					$	22,724
Gross increases – current period tax positions			—						—						—
Gross decreases – current period tax positions			—						—						—
Gross increases – prior period tax positions			—						—						—
Gross decreases – prior period tax positions			(162)						77						(426)
Settlements with taxing authorities/lapse of statute of limitations			(70)						(242)						(60)
Reclassification of balances from held for sale			—						—						518
Ending balance			$	22,359					$	22,591					$	22,756

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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